Asia/Pac spending is growing fastest, then Europe and then the US.

Global Regional Services Revenue and Year-on-Year Growth (revenues in $B)
Global Region 2020 Revenue 2021 Revenue 2021/2020 Growth
Americas $581 $584 +0.5%
Asia/Pacific $482 $490 +1.6%
EMEA $467 $471 +0.9%
Grand Total $1,530 $1,545 +1.0%
Source: IDC Worldwide Semiannual Services Tracker – 1H 2021

Some of the habits adopted during the crisis (remote working, collaboration, online media consumption) are expected to remain part of everyday life, so good-quality fixed data connectivity will become an even more critical asset for both households and businesses.

The major driver in the mobile segment will be a gradual recovery of roaming revenues fueled by the recuperation of the global tourist industry. The market for traditional pay TV services will continue to decline slowly due to migration of customers to over-the-top (OTT) video services platforms.

$1.5trn spend on telecoms and pay TV